By Leia Michele Toovey-Exclusive to Nickel Investing News In most of 2008, nickel prices have taken a battering, as a weakening US currency, steeply rising prices of oil and gold, and shrinking stainless steel demand have extended losses. LME nickel prices started their rapid descent in July 2008. From beginning to mid August, prices rested in the [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Xstrata, the world’s fourth-largest producer of nickel, has suspended production at its plant in the Dominican Republic. This announcement led to supply concerns. The resultant speculative buying caused nickel futures to surge 1.23 per cent on India’s Multi-Commodity Exchange, the MCX, on Monday. The most-active October contract [...]
China and Myanmar signed production sharing contract to produce nickel in Myanmar’s northern Mandalay division. For full story, click here
Philippines’ Berong Nickel Corp is in negotiation with BHP Billiton to double its annual supply contract to 1 million tonnes of laterite nickel ore. George Bujtor, chief executive of Berong Nickel, was quoted as saying: We’re now looking at increasing that to a million tonnes a year, and that tides us away from relying on the Chinese [...]
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